279,503 Shares in Barclays PLC $BCS Bought by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC acquired 279,503 shares of Barclays PLC, valued at approximately $4.34 million, in the first quarter of 2023.
• Barclays experienced multiple stakeholder changes, including a 485% stake increase from Bank of America and a 78.7% increase from Natixis Advisors LLC during the same period.
• Recent analyst ratings for Barclays show mixed sentiment, with four analysts rating it as a "Buy" and one as a "Hold," reflecting a consensus rating of "Moderate Buy."

Curi RMB Capital LLC bought a new stake in Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 279,503 shares of the financial services provider's stock, valued at approximately $4,337,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in shares of Barclays in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Barclays during the first quarter worth approximately $30,000. Wealthquest Corp acquired a new stake in Barclays during the first quarter worth approximately $32,000. Zions Bancorporation National Association UT acquired a new stake in Barclays during the first quarter worth approximately $40,000. Finally, WPG Advisers LLC acquired a new stake in Barclays during the first quarter worth approximately $40,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

Shares of NYSE BCS traded up $0.21 during trading on Wednesday, reaching $20.52. The company had a trading volume of 3,344,834 shares, compared to its average volume of 16,585,971. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.58. The business's 50 day moving average price is $19.51 and its 200-day moving average price is $17.39. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $72.43 billion, a PE ratio of 9.45, a PEG ratio of 0.41 and a beta of 1.14.

Barclays (NYSE:BCS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Analysts expect that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 210.0%. Barclays's payout ratio is presently 14.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BCS. Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barclays presently has an average rating of "Moderate Buy".

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.